Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2089%/8h= −228.7% APRpaid last 24h −0.051%

Price spread now: OKX against Aster+0.868%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.789%−$79 on $10k

Price spread, last 7 days−0.864%−$86 · spread now +0.868%, 7d avg +0.053%

Together, before fees−1.653%+ Points / potential airdropAster: Stage 5 · farm board−$165 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.815% dearer against Aster than usual: you sell high and buy low (spread +0.868% now, against its 7-day average of +0.053%): +$81 on $10k if it goes back. Holding the pair costs −$63 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 5 days (−0.789% in total) that is about 5.5 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.789% in total (about -54.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CASHCATUSDT	0.1670	0.2189	pay 0.0274% / 1h	57m 41s	$551K	$1.1M	10x
Short	OKX CASHCAT-USDT-SWAP	0.1684	0.0100	get 0.0050% / 4h	3h 57m	$1.2M	$10.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersPrice spread, now +0.868%Rate

Funding earned: −$438.63
Price spread: +0.868% → +0.053%: $81.48
Slippage, 4 orders: −$92.32
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$467.46
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from Aster: live order book, just now; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, just now	4.46 bp	23.0 bp −$23	176.7 bp −$1,767	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	5.92 bp	22.6 bp −$23	82.3 bp −$823	doesn't fit	doesn't fit

CASHCAT on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0100%	1h	0.1674	+0.242%	$259K	$182K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1678	+0.509%	$46.5M	$20.5M	3x	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0100%	4h	0.1684	+0.868%	$1.2M	$10.7M	20x
Gate CASHCAT_USDT	+0.0100%	4h	0.1678	+0.503%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1680	+0.635%	$601K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1682	+0.759%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1652	−1.072%	$75K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1673	+0.209%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	+0.075%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1677	+0.443%	$503	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1679	+0.541%	$17K	$388K	10x	as long as short
BingX CASHCAT-USDT	+0.0134%	4h	0.1681	+0.689%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1668	−0.090%	$50K	$493K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1679	+0.540%	$99K	$468K	5x	as long as short
Lighter RH CASHCAT	+0.0760%	1h	0.1681	+0.659%	$326K	$840K	3x	as long as short
edgeX CASHCATUSDC	+0.0843%	4h	0.1671	+0.061%	$50K	$172K	5x	as long as short
Lighter CASHCAT	+0.1784%	1h	0.1680	+0.635%	$1.2M	$1.9M	3x	as long as short
Aster CASHCATUSDTlong	+0.2189%	1h	0.1670	long leg	$551K	$1.1M	10x
MEXC CASHCAT_USDT	+0.3318%	4h	0.1680	+0.653%	$8.3M	$475K	20x	as long as short
Bybit CASHCATUSDT	+0.3318%	4h	0.1683	+0.784%	$12.8M	$18.7M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1663	−0.364%	$115K	$217K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1678	+0.509%	$8K	$12K	5.5x	as long as short